UNEMPLOYMENT

Kenya's parliamentary building has undergone a major renovation, worth millions of dollars. Meanwhile, about half the citizens live in poverty.

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.

European markets fell Wednesday as investors remained concerned that there were no monetary easing measures from policymakers to boost the economy even after the increasing debt burden faced by the euro zone.

Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.

Europe's strongest economies are being dragged down by the recessions in other European countries, some of which are expected to join beleaguered Greece in seeking a bailout.

After rounding up over 6,000 suspected illegal immigrants over the weekend, Greek authorities announced that 1,600 will be deported.

Jamaica enjoys a stable political system but serious economic problems persist, as does violent crime

Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.

Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.

The Obama administration is starting to launch an initiative that could protect hundreds of thousands of undocumented immigrants from deportation, announcing on Friday that it would start accepting applications in mid-August.

U.S. stock index futures pointed to a mixed open Monday as investor worries about the weakening economy were alleviated following the recovery in the jobs data in July.

Asian stock markets rallied Monday as better-than-expected jobs data from the U.S. and optimism at European action to boost the faltering regional economy buoyed sentiment.

Asian markets rose Monday after the encouraging news from the U.S. that the economy was regaining momentum to a certain extent and that Greece was showing improvement in complying with bailout requirements.

Republican presidential candidate Mitt Romney said on Sunday that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile U.S. economy.

Asian stock markets ended with gains last week as the speculation of further stimulus measures from the major central banks offered support. However, markets pared gains after policy makers in the U.S. and Europe failed to offer any new stimulus measures needed to bolster growth. Particularly, the lack of concrete new action by the European Central Bank weighed on the sentiment.

The Fed will drop its wavering plans for a fresh spate of monetary stimulus measures, according to Bernard Baumohl, chief global economist at the Economic Outlook Group.

Next week will be a reasonably quiet one for both the U.S. and the euro zone, but China will be dumping a whole bunch of macro data for July .

A first glance, Friday's better-than-expected U.S. jobs report might have offered a glimmer of hope after four straight months of dismal jobs numbers. But devil is in the details.

Another month of inadequate job growth allows prospective Republician Party Mitt Romney to double down on the tactic that has so far defined his presidential campaign: keep the focus on President Barack Obama.

The U.S. government's report Friday that 163,000 jobs were created last month, far more than expected, sparked a risk-on sentiment among investors.

Supreme Leader Ayatollah Ali Khamenei warned that the birth control program, in place for the past 20 years, has outlived its purpose.